Latest Ratios: P/E Ratio 88.6x · EV/EBITDA 22.0x · ROE 34.2%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.4B | $3.6B | $3.5B | $2.2B | $1.5B | $1.2B | $817M | $836M | $637M | $887M | $697M |
| Enterprise Value | $5.9B | $5.0B | $5.1B | $3.7B | $3.2B | $2.2B | $1.8B | $1.9B | $1.7B | $1.8B | $1.5B |
| P/E Ratio → | 88.61 | 69.86 | 16.55 | 27.94 | — | 16.45 | 37.83 | 22.40 | 5.07 | 58.94 | 23.25 |
| P/S Ratio | 1.76 | 1.41 | 1.33 | 0.81 | 0.54 | 0.54 | 0.40 | 0.38 | 0.32 | 0.58 | 0.36 |
| P/B Ratio | 60.96 | 48.06 | 15.46 | 6.87 | 3.19 | 1.51 | 1.17 | 1.75 | 1.34 | 2.22 | 1.70 |
| P/FCF | 14.59 | 11.71 | 11.26 | 5.93 | 56.60 | 16.31 | 9.62 | 12.57 | — | 14.45 | 51.19 |
| P/OCF | 12.44 | 9.99 | 9.22 | 5.05 | 21.97 | 10.92 | 6.10 | 7.47 | 30.58 | 9.21 | 6.68 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.00 | 1.93 | 1.38 | 1.11 | 0.95 | 0.87 | 0.85 | 0.85 | 1.19 | 0.78 |
| EV / EBITDA | 22.00 | 18.75 | 11.04 | 14.15 | — | 9.72 | 9.43 | 9.48 | 11.09 | 15.56 | 10.25 |
| EV / EBIT | 28.71 | 22.60 | 12.65 | 17.34 | 8.72 | 12.51 | 11.58 | 13.32 | 16.99 | 26.66 | 18.65 |
| EV / FCF | — | 16.63 | 16.41 | 10.17 | 117.62 | 28.95 | 21.25 | 28.10 | — | 29.62 | 112.72 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.0% | 42.0% | 38.9% | 35.3% | 33.4% | 28.2% | 28.5% | 26.9% | 26.8% | 26.8% | 24.2% |
| Operating Margin | 8.2% | 8.2% | 15.2% | 7.3% | -6.6% | 7.5% | 6.8% | 6.1% | 4.9% | 4.5% | 5.3% |
| Net Profit Margin | 2.0% | 2.0% | 8.0% | 2.9% | -6.7% | 3.5% | 2.6% | 1.7% | 6.4% | 1.0% | 1.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 34.2% | 34.2% | 77.7% | 19.6% | -29.8% | 10.5% | 9.1% | 7.8% | 28.8% | 3.7% | 7.1% |
| ROA | 2.3% | 2.3% | 8.8% | 3.0% | -7.1% | 3.1% | 2.4% | 1.8% | 6.3% | 0.8% | 1.7% |
| ROIC | 9.1% | 9.1% | 16.2% | 7.4% | -7.3% | 7.4% | 6.5% | 6.7% | 5.1% | 4.0% | 6.3% |
| ROCE | 11.0% | 11.0% | 19.5% | 8.8% | -8.5% | 8.3% | 7.5% | 8.0% | 6.0% | 4.7% | 7.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 21.52 | 21.52 | 7.59 | 5.23 | 3.70 | 1.48 | 1.72 | 2.31 | 2.36 | 2.46 | 2.22 |
| Debt / EBITDA | 5.91 | 5.91 | 3.72 | 6.29 | — | 5.36 | 6.30 | 5.60 | 7.36 | 8.38 | 6.08 |
| Net Debt / Equity | — | 20.18 | 7.08 | 4.91 | 3.44 | 1.17 | 1.41 | 2.16 | 2.22 | 2.34 | 2.04 |
| Net Debt / EBITDA | 5.54 | 5.54 | 3.47 | 5.90 | — | 4.25 | 5.16 | 5.24 | 6.91 | 7.97 | 5.59 |
| Debt / FCF | — | 4.92 | 5.15 | 4.24 | 61.02 | 12.65 | 11.64 | 15.52 | — | 15.17 | 61.53 |
| Interest Coverage | 2.33 | 2.33 | 3.85 | 2.11 | 4.31 | 2.74 | 2.34 | 2.06 | 1.52 | 1.32 | 1.65 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.66 | 2.66 | 2.66 | 2.73 | 2.87 | 2.57 | 2.50 | 2.37 | 2.32 | 2.96 | 2.45 |
| Quick Ratio | 1.34 | 1.34 | 1.44 | 1.32 | 1.29 | 1.68 | 1.57 | 1.24 | 1.31 | 2.15 | 1.48 |
| Cash Ratio | 0.30 | 0.30 | 0.33 | 0.29 | 0.28 | 0.47 | 0.49 | 0.19 | 0.18 | 0.13 | 0.23 |
| Asset Turnover | — | 1.22 | 1.11 | 1.11 | 1.01 | 0.87 | 0.84 | 1.06 | 0.95 | 0.81 | 1.10 |
| Inventory Turnover | 3.32 | 3.32 | 3.77 | 3.42 | 2.84 | 3.45 | 3.57 | 3.65 | 3.64 | 3.73 | 4.80 |
| Days Sales Outstanding | — | 42.12 | 43.51 | 42.47 | 46.34 | 47.39 | 49.18 | 43.69 | 51.76 | 49.84 | 58.06 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.9% | 1.1% | 1.0% | 6.2% | 8.3% | 1.4% | 1.8% | 1.6% | 7.8% | 1.2% | 1.3% |
| Payout Ratio | 77.7% | 77.7% | 17.1% | 172.4% | — | 21.6% | 27.2% | 36.7% | 39.6% | 69.2% | 29.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.1% | 1.4% | 6.0% | 3.6% | — | 6.1% | 2.6% | 4.5% | 19.7% | 1.7% | 4.3% |
| FCF Yield | 6.9% | 8.5% | 8.9% | 16.9% | 1.8% | 6.1% | 10.4% | 8.0% | — | 6.9% | 2.0% |
| Buyback Yield | 4.1% | 5.2% | 8.9% | 7.6% | 0.7% | 0.3% | 0.9% | 0.2% | 7.2% | 1.8% | 9.4% |
| Total Shareholder Yield | 5.0% | 6.3% | 9.9% | 13.7% | 9.0% | 1.7% | 2.7% | 1.8% | 15.0% | 2.9% | 10.6% |
| Shares Outstanding | — | $47M | $50M | $55M | $52M | $53M | $45M | $43M | $42M | $43M | $44M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying GFF stock.
Griffon Corporation's current P/E ratio is 88.6x. The historical average is 30.4x. This places it at the 96th percentile of its historical range.
Griffon Corporation's current EV/EBITDA is 22.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.5x.
Griffon Corporation's return on equity (ROE) is 34.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 10.3%.
Based on historical data, Griffon Corporation is trading at a P/E of 88.6x. This is at the 96th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Griffon Corporation's current dividend yield is 0.88% with a payout ratio of 77.7%.
Griffon Corporation has 42.0% gross margin and 8.2% operating margin.
Griffon Corporation's Debt/EBITDA ratio is 5.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Extreme leverage and equity erosion
Metrics are mathematically derived from official filings.
Margin Expansion Masks Volume Decline
Gross margin reached 47.0% in 2026Q3, up from 43.2% a year earlier, per reported figures, yet revenue fell 3.95% YoY, suggesting pricing power may be offsetting volume weakness.
The gross margin improvement to 47.0% in the latest quarter, from 43.2% in 2025Q3, appears to reflect cost pass-through and mix shift, but the concurrent 21.6% sequential revenue decline raises questions about sustainability. Operating margin of 24.0% in 2026Q3 is a peak versus the prior nine quarters, yet net margin of 10.7% remains below operating margin, indicating interest and non-operating costs are absorbing a significant share of earnings. Investors should monitor whether margin expansion is driven by structural pricing power or temporary cost reductions, as the prior quarter's operating loss of -20.5% in 2025Q3 highlights volatility.
ROIC Recovery After Impairment Shock
ROIC rebounded to 6.2% in 2026Q3 from -5.6% in 2025Q3, per financial statements, but remains below the 4-5% range of prior quarters, indicating capital efficiency has not fully recovered.
The swing in ROIC from -5.6% in 2025Q3 to 6.2% in 2026Q3 is largely attributable to the $120.1M net loss in 2025Q3, likely driven by one-time charges, and the subsequent recovery. However, ROIC has hovered around 4-6% over the past two years, which is modest relative to peers like Masco (35.4%) and Allegion (18.1%), suggesting that GFF's capital deployment is not generating superior returns. The high D/E ratio of 10.35 amplifies ROE to 46.2%, but this is a leverage effect rather than operational efficiency, as ROA remains only 2.6%.
Working Capital Swings Distort Cash Flow
Cash conversion cycle lengthened to 88 days in 2026Q3 from 113 days a year earlier, per reported data, driven by a sharp drop in DIO to 66 days, yet quarterly swings remain extreme.
The CCC improved to 88 days in 2026Q3 from 113 days in 2025Q3, primarily due to a reduction in DIO from 115 to 66 days, which may indicate better inventory management or a shift in product mix. However, the volatility in working capital components—DSO swinging from 40 to 53 days and DPO from 31 to 44 days over the past year—suggests that cash flow is highly sensitive to timing, as evidenced by FCF margin swinging from 2.9% in 2026Q2 to 23.8% in 2026Q3. This inconsistency implies that single-quarter efficiency metrics should be interpreted with caution, and investors should focus on longer-term trends.
Leverage Spikes to Precarious Levels
Debt-to-equity surged to 10.35 in 2026Q3 from 7.51 a year earlier, per balance sheet data, while interest coverage of 5.35 remains adequate but is vulnerable to earnings volatility.
The D/E ratio of 10.35 reflects a shrinking equity base of $129.2M against $1.3B in total debt, a consequence of share repurchases and impairments. Interest coverage of 5.35 in 2026Q3 is above the 4.0-5.0 range seen in prior quarters, but the 2025Q3 negative coverage of -5.18 demonstrates how quickly earnings can deteriorate. The D/EBITDA of 10.63 is elevated compared to peers like Masco (45.81 D/E but lower D/EBITDA), suggesting that GFF's debt load is heavy relative to cash generation, and refinancing risk may be a concern if rates remain high.
Liquidity Ratios Mask Cash Constraints
Current ratio of 2.41 in 2026Q3 appears healthy, but cash of $110.3M covers only 8.5% of total debt, per balance sheet data, indicating a thin liquidity buffer.
The current ratio of 2.41 and quick ratio of 1.79 suggest adequate short-term asset coverage, but the composition is critical: inventory and receivables dominate, while cash is limited. With total debt of $1.3B and cash of just $110.3M, the company's ability to absorb a demand shock or fund debt maturities without refinancing appears constrained. The improvement in quick ratio from 1.27 in 2026Q1 to 1.79 in 2026Q3 is partly due to a reduction in inventory, but this may not be sustainable if demand recovers.
Misapplied ROE in Leveraged Model
ROE of 46.2% in 2026Q3 is often cited as a sign of strength, but with D/E at 10.35, per balance sheet data, this metric overstates operational performance.
The most commonly misapplied ratio for GFF is ROE, which is inflated by extreme financial leverage. With equity of only $129.2M, ROE of 46.2% is mathematically driven by debt, not by superior profitability, as evidenced by ROA of just 2.6%. Investors should instead focus on ROIC, which at 6.2% reflects true capital efficiency, or on unlevered metrics like EBIT margin and asset turnover. The high ROE may mislead those who overlook the balance sheet risk, particularly given the equity base has eroded 42.5% since 2024Q4.